Economy & Trade
April 22, 2013
Subsidies and public sector salaries among expense items that could be squeezed in move to secure Egypt's $4.8 billion IMF loan.
April 21, 2013
No agreement has been reached on a $2bn loan from Russia following President Mohamed Morsi’s visit to the country, said Minister of Industry and Foreign Trade Hatem Saleh on Friday
Optimism is running deep while better job prospects and a brighter outlook on personal finance are driving more spending on leisure and entertainment, according to findings in the latest Consumer Confidence Survey conducted by DED.
Jordan's new plan to combat poverty in the country has been slammed as "inadequate".
Demand for the electronic services offered by Dubai Trade, the leading facilitator of trade across borders under Dubai World, has considerably surged in the past 12 months.
New research suggests that Kuwaiti GDP will be pegged at 4.5 per cent until 2014.
Negotiations between Egypt and the International Monetary Fund are not over yet, IMF chief Christine Lagarde told reporters in Washington on Thursday.
April 19, 2013
The Arab rich oil countries' (KSA, Kuwait, UAE and Qatar) income from exporting oil and gas reached $669 billion in 2012
April 18, 2013
Turkey will transfer the remaining US$1 billion of a $2 billion budget support package agreed for Egypt last year within the next two months, Turkish economy officials and banking sources said on Wednesday.
Egypt's debt-servicing bill is set to jump by almost a third in the next fiscal year, hampering the government's ability to boost economic growth from the slowest pace in two decades.
The Dubai Gold and Commodities Exchange achieved total volumes of over 100,000 contracts in a single day for the first time this week.
Egypt’s poor need to be compensated in cash transfers for the removal of subsidies, said an official from the International Monetary Fund (IMF) at a press conference in Washington on Tuesday.
April 17, 2013
A high-level delegation of Egyptian officials left Cairo on Wednesday, bound for Washington DC to take part in the semi-annual meetings of the International Monetary Fund (IMF) and World Bank later this week.
Inflation in Saudi Arabia rose by 3.9 per cent in March compared to the same month the previous year
As protests increase in the run up to the Bahrain Gran Prix, new figures show that the race has generated $1.3 billion for the small island nation in the nine years since it first hosted the race.